Located in South Australia within the Loxton Waikerie local government area, New Well is a quiet locality (postcode 5357). With a population of 21, the suburb has a settled mid-life population with a median age of 42. Households earn a median income of $34K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The top ancestries reported are English, Australian.
The median weekly rent is $285 (Census 2021). The median monthly mortgage repayment is $650.
On the investment side, Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.